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AIG is the new Apple of hedge fund managers' eyes: report

American International Group has replaced Apple Inc as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings.The American insurer, bailed out by the U.S. government during the financial crisis, knocked Apple out of the top spot in a list of stocks deemed most important to hedge funds, according to a Goldman report released late Wednesday.The fact that Apple has lost favor with many hedge fund managers is not too surprising, given the 20 percent slide in the stock in the fourth quarter. Still, Apple's fall from grace follows a long run as No. 1."For the first time in three years was not the top stock in our VIP list, instead ranking as the third most frequent top-10 holding," the report said, adding that funds reduced their Apple positions "by over 30 percent."AIG was held by a number of well known hedge fund managers at the end of 2012, including Daniel Loeb's Third Point, David Tepper's Appaloosa Management and Georg...

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  1. RPT-ANALYSIS-Volcker rule impact sends shivers through banks

    (Repeats ANALYSIS initially transmitted on Friday)By Megan Davies and Svea Herbst-BaylissNEW YORK/BOSTON (Reuters) - Speculation continues to grow as to which Wall S...

  2. ANALYSIS-Proprietary traders may find hedge fund life harder

    By Dan WilchinsNEW YORK (Reuters) - As banks spin off their proprietary trading groups into hedge funds to comply with a new law, traders will find themselves in a t...

  3. Geithner aims to calm Wall Street on finance rules

    (Updates to reflect delivery of remarks; changes dateline, byline)By Al Yoon and Maria AspanNEW YORK (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday p...

  4. Geithner aims to calm Wall Street on rules

    (Recasts; adds quotes, background)By Glenn SomervilleWASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday promised not to swamp Wall Street with...

  5. Geithner Reassures Wall Street on Financial Reform Rules

    The Obama administration intends to quickly put new rules for the financial marketplace into action but won't swamp Wall Street with red tape, U.S. Treasury Secretar...

  1. U.S. hedge funds sour on Apple; favor dollar stores

    Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple Inc in the fourth quarter, while other m...

  2. Analysis: Investors fret over MSCI outlook as ETF price war bites

    Just four weeks ago, an MSCI executive was crowing about his company's near-monopoly on providing critical benchmark stock market indexes which are licensed by fund ...

  3. Losses mean sleepless nights for John Paulson

    Hedge fund heavyweight John Paulson said poor performance keeps him up at night, so the billionaire stock picker is going sleepless a lot these days.This year is qui...

  4. Smart Money: Hedge funds see bargains in discount retail

    By Jessica WohlCHICAGO (Reuters) - With gas prices and unemployment high, low-income shoppers are not the only ones trying to find the best bargains in discount stor...

  5. More top hedge fund managers piling into gold

    By Aaron PressmanBOSTON (Reuters) - Even as gold was approaching record highs during the third quarter, more of the best-known hedge fund managers were placing bets ...

  6. Hedge funds to win big as Koreans close in on Dana

    By Quentin Webb and Tom BerginLONDON, Aug 20 (Reuters) - More than a dozen hedge funds are set to book big profits supporting South Korea's state oil firm in its pur...

  7. Hedge fund managers find bargains in oil stocks

    By Svea Herbst-Bayliss and Aaron PressmanBOSTON (Reuters) - Top hedge fund managers went bargain hunting in the oil patch in the second quarter, buying shares whose ...

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